Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6908 W Marco Polo Road Glendale, AZ 85308

4 Beds 3 Baths 2,328 sqft Built 1985

$478,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $205.33
  • 3 Days on Market
  • MLS # : 6199929
  • Updated Date : 02/27/2021 at 21:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,328 sqft
  • Baths : 3 full
Listing Agent

Squaw Peak Realty

Listing Agent's Description

Beautiful Grande Entry Welcomes You to this 4 Bedroom/3 Bath Home in Highly Desired Vistas at Arrowhead Ranch. This Wonderful Home offers Vaulted Ceilings and Open Concept Kitchen and Family Room. Kitchen is completely remodeled with new Hickory Cabinets, Countertops, Sink and Fixtures. Master Suite provides Ambiance of Relaxation with Fireplace. Jetted Tub, and Balcony overlooking your Sparkling Pool. Grassy Area, Covered Back Patio and Pool offer an Entertainers Delight . Home is move in ready! Fresh Interior/Exterior Paint, New Carpet, New Vanities and Resurfaced Tub Surround ,Tile Professionally Cleaned and Buffed. Convenient Downstairs Bedroom for Guests or an Office. This Home provides everything You Need!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $104k387k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Arrowhead Ranch

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mountain Ridge High School High Regular 2,206 94 7
Mountain Ridge High School High Unknown NA

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$430,200$525,800$478,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,660
Property Tax -$340
Property Insurance -$73
HOA -$5
Property Management Fees -$99
CASH FLOW
-$147

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$478,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,420

INVESTMENT

$132,420

Down Payment
$119,500
Rehab Estimate
$5,750
Closing Costs
$7,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,500
Loan Amount $358,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,560

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,030

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,153

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0254$2,0305$2,095
$2,095
RENT COMPS ANALYSIS
  • 6908 W Marco Polo Road Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.87
    •  
  • 18913 N 69th Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1989
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.92
    •  
  • 7198 W Blackhawk Drive Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.93
    •  
  • 7181 W Pontiac Drive Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1998
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.94
    •  
  • 6874 W Blackhawk Drive Glendale, AZ 5
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1998
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.91
    •  
PROPERTY LISTING DETAILS
Darla L Johnson
Squaw Peak Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199929
Last Updated: 02/27/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy